I am purchasing a property for cash in Chelsfield. I have lived for the last Seventeen years in Chelsfield. Conveyancing searches are expensive. Given that I know the area and road intimately must I have all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the Chelsfield conveyancing searches are at your discretion. Your lawyer will try and steer you, perhaps strongly, that you should have searches carried out, but she is duty bound to take that path of guidance. One thing to bear in mind; if you are likely to dispose of the house in the future, it could be of relevance to your future buyer what the searches reveal. Sometimes properties with functional issues can still throw up unexpected search results. A competent conveyancing solicitor in Chelsfield should be able to give you some sensible advice in this regard.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Chelsfield. Do I pick up the keys to the house on the completion date from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Chelsfield?
On the day of completion you do not need to go to the conveyancers office in Chelsfield. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you will be called to pick up the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Chelsfield conveyancing solicitors were appointed. How long does it take for Nationwide to issue the offer to the conveyancer?
Some lenders take longer than others. Have Nationwide done the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Chelsfield conveyancing practitioner on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
Will our lawyer be asking questions regarding flooding during the conveyancing in Chelsfield.
Flooding is a growing risk for lawyers specialising in conveyancing in Chelsfield. There are those who purchase a house in Chelsfield, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or on a buyer’s behalf which can figure out the risks in Chelsfield. The standard property information forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the vendor to discover if the property has historically flooded. If flooding has previously occurred and is not revealed by the owner, then a purchaser could issue a legal claim for losses stemming from an incorrect reply. A purchaser’s solicitors should also carry out an enviro report. This should higlight whether there is any known flood risk. If so, more detailed investigations should be carried out.
I opted to have a survey completed on a property in Chelsfield in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend refuse to issue a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chelsfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chelsfield to see if the conveyancing costs will increase in light of this.
Given that I am about to part with over three hundred thousand on 3 bedroom house in Chelsfield I would like to have a conversation with the conveyancer concerning thetransaction before giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your property ownership legalities in Chelsfield.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Chelsfield should be the amount on the final invoice that you end up paying.
I’m about to sell my ground floor flat in Chelsfield. Conveyancing has not commenced, however I have just had a yearly maintenance charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual given that all ground rent and service payments will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the proprietor of a garden flat in Chelsfield. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Chelsfield conveyancing firm who can help.
An example of a Lease Extension case for a Chelsfield premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The unexpired lease term was 50.57 years.